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Title Shares pledged by non-promoters of IPO-bound co non-transferable, says SEBI
URL https://informistmedia.com/EquityWire/41043/Lock-in-Period-Shares-pledged-by-non-promoters-of-IPO-bound-co-non-transferable-says-SEBI
Category Finance and Money --> Financing
Meta Keywords IPO, SHARES, PUBLIC ISSUE, IPO BOUND
Meta Description The Securities and Exchange Board of India Wednesday said that shares pledged by non-promoters before a company's public issue should be recorded as "non-transferable" by depositories during the applicable lock-in period of the issue.
Owner ankita shinde
Description
The Securities and Exchange Board of India Wednesday said that shares pledged by non-promoters before a company's public issue should be recorded as "non-transferable" by depositories during the applicable lock-in period of the issue.